FY2025 EPS Estimates for Navient Reduced by Seaport Res Ptn

Key Points

• Seaport Res Ptn has reduced its FY2025 earnings estimate for Navient to $1.05 per share, down from $1.15, while the consensus estimate stands at $1.04.
• Despite a positive quarterly earnings report, Navient's shares have declined 1.9% and the company has faced mixed analyst ratings, with a consensus rating of "Hold."
• Navient recently declared a quarterly dividend of $0.16 per share, resulting in an annualized dividend yield of 4.64% despite a payout ratio of 128%.

Navient Corporation (NASDAQ:NAVI - Free Report) - Investment analysts at Seaport Res Ptn lowered their FY2025 EPS estimates for shares of Navient in a research note issued on Monday, July 28th. Seaport Res Ptn analyst W. Ryan now expects that the credit services provider will earn $1.05 per share for the year, down from their previous forecast of $1.15. The consensus estimate for Navient's current full-year earnings is $1.04 per share.

NAVI has been the topic of several other reports. Keefe, Bruyette & Woods decreased their price objective on shares of Navient from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Thursday. Morgan Stanley decreased their price objective on shares of Navient from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Navient from $12.50 to $15.50 and gave the stock a "neutral" rating in a report on Friday, July 11th. Jefferies Financial Group decreased their price objective on shares of Navient from $14.00 to $12.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Finally, TD Cowen lowered shares of Navient from a "hold" rating to a "strong sell" rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Navient presently has an average rating of "Hold" and an average price target of $13.56.

Navient Trading Down 2.2%

Shares of Navient stock traded down $0.28 during mid-day trading on Wednesday, hitting $12.66. The stock had a trading volume of 936,068 shares, compared to its average volume of 1,126,263. The firm has a 50-day moving average of $13.99 and a two-hundred day moving average of $13.41. The company has a quick ratio of 9.88, a current ratio of 9.94 and a debt-to-equity ratio of 16.52. Navient has a 12-month low of $10.53 and a 12-month high of $16.97. The firm has a market cap of $1.28 billion, a P/E ratio of 40.84 and a beta of 1.37.

Navient (NASDAQ:NAVI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.06). Navient had a net margin of 0.89% and a return on equity of 4.08%. The firm had revenue of $156.00 million during the quarter, compared to analysts' expectations of $156.20 million. During the same period last year, the company earned $0.29 EPS.

Institutional Investors Weigh In On Navient

A number of hedge funds and other institutional investors have recently modified their holdings of NAVI. Raymond James Financial Inc. acquired a new stake in Navient during the 4th quarter worth $167,000. KLP Kapitalforvaltning AS acquired a new stake in Navient during the 4th quarter worth $432,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in Navient by 4.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 79,760 shares of the credit services provider's stock worth $1,060,000 after acquiring an additional 3,541 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Navient by 143.0% during the 4th quarter. JPMorgan Chase & Co. now owns 356,405 shares of the credit services provider's stock worth $4,737,000 after acquiring an additional 209,744 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Navient by 51.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 555,634 shares of the credit services provider's stock worth $7,384,000 after acquiring an additional 188,399 shares in the last quarter. 97.14% of the stock is currently owned by institutional investors and hedge funds.

Navient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, June 6th. Navient's dividend payout ratio (DPR) is presently 206.45%.

Navient Company Profile

Navient Corporation provides technology-enabled education finance and business processing solutions for education, health care, and government clients in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing on its portfolios, as well as federal education loans held by other institutions.